Gayle: “For the time being, my money stays home.”
Money Life: Via Nova's Gayle: If ever a rising tide lifts all boats, 'we're in it'
Global Funds Cut Equity Exposure in Turbulent February, Eye Virus Risk: Reuters Poll
"The coronavirus outbreak remains our top near-term concern for global growth and the markets. The immediate impact appears to be concentrated in Asia, but all governments are taking the threats very seriously and are taking steps to contain the spread of the virus," said Alan Gayle, president at Via Nova Investment Management.
"Our most likely scenario is that the virus will continue to weigh on the markets for the next several months, but that it will not induce a global recession."
Global funds prefer stocks despite risks still at play: Reuters poll
“While we acknowledge the increased risks represented by the coronavirus and rising Middle East tensions, the global economic landscape is notably more positive entering 2020,” said Alan Gayle, president at Via Nova Investment Management.
“Moreover, earnings prospects are improving and central bankers intend to keep interest rates low, which supports a higher stock market. We plan to maintain our increased equity exposure at least over the near term.”
Global Funds Raise Stock Allocations at the Expense of Cash: Reuters Poll
Analyst View: Reuters October global asset allocation poll
"The U.S. reliance on global trade is lower than that of our trading partners, and that lower relative exposure has been a benefit to domestic markets.
"The preponderance of negative bond yields outside the U.S. along with the relatively stronger economy here at home makes us prefer domestic bonds.
"Monetary authorities are doing all they can to support economic growth, and this is appreciated by the equity markets. That said, the risks of a fiscal policy misstep are mounting, and that could overwhelm actions by central banks.
"Our asset allocation strategy will be driven most by developments in the U.S.-China trade war, but a Brexit deal or the emergence of German fiscal stimulus would also affect our investment allocation."
Stocks out of favor again as global funds prefer bonds in September: Reuters poll
“There are early signs that global economic momentum may be stabilizing, but the combination of slow growth and elevated geopolitical and trade risks still argue for a measure of caution,” said Alan Gayle, president at Via Nova Investment Management in Washington, D.C. “While most of the challenges facing the global economy are self-inflicted - trade, Brexit, etc. - the odds of a miscalculation by elected officials is rising.”
Increasingly cautious global funds build cash buffer; cut equities: Reuters poll
“Some near-term caution toward stocks is warranted given the strong gains in the first half combined with a slowing global economy, renewed trade tensions and stalled corporate profits growth,” said Alan Gayle, president of Via Nova Investment Management. “Moreover the lack of market participation outside of the large-cap S&P 500 highlights the challenge.”
Global funds recommend stashing cash in face of trade war - Reuters poll
Global funds raise stock allocations and cut cash buffer: Reuters poll
Global funds reached for a bigger cash buffer in February: Reuters poll
“Markets began 2019 pricing in gloom and doom after major indexes fell ... in 2018. If the major risks facing the market, rising interest rates and a full-blown trade war, are avoided, equities can rally to new record highs,” said Alan Gayle, president at Via Nova Investment Management, in Washington DC.
Global Funds Raise Equities to Highest in Nearly a Year: Reuters Pol
U.S. Funds still leaning towards cash and bonds - Reuters poll
U.S. funds prefer domestic assets and a but bigger cash buffer
"The combination of aggressive Federal Reserve rate hikes, an escalating and potentially prolonged trade dispute with China and the upcoming mid-term elections has generated a great deal of anxiety for the markets," said Alan Gayle, president of Via Nova Investment Management. "Fear and uncertainty are currently dominating market psychology."
POLL-U.S. fund managers favor U.S. assets, but recommend more cash
“If trade tensions ease, we would expect international and emerging-market stocks to rebound. But betting on emerging-market stocks is to pick a date when trade issues are resolved, and we don’t know that date. Until then, we believe a higher relative U.S. weighting is appropriate,” said Alan Gayle, President of Via Nova Investment Management.
U.S. Funds Raise Cash in August on Trade Worries- Reuters Poll
U.S. fund managers leave allocations largely unchanged
"We are in a battle between facts and fears," said Alan Gayle, president at Via Nova Investment Management. "The facts are a strengthening economy with increased employment, earnings and spending which is helping to fuel impressive sales and earnings growth for companies. The two main fears are how fast the Federal Reserve will raise interest rates and how far trade tensions will escalate. These risks have grown in recent months."
World stocks hit month peak; dollar firms to three-week high
U.S. funds remain cautious faced with trade war threat: Reuters poll
“We believe the facts of a healthy economy and strong earnings growth justify a bias in favor of equities and away from bonds. However, less accommodative central bank policies and the potential for a trade war are tangible threats to an otherwise positive outlook,” said Alan Gayle, president at Via Nova Investment Management. “Caution, not fear, is warranted,” he said.
